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Free Debt Consolidation
No contact details required to find out if you qualify
If you are living in Ontario and suffering from debt problems, you need to know this information now.
Know more about us and what we can do by clicking on the button below…
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Some types of debt are harmful to you, but some are generally considered good. The reason for that is some debts are acquired to build wealth or to invest in the future.
For example, a debt incurred to invest in the future is generally considered a sound financial decision and better than taking debt to pay for something you don’t need at the moment.
Below are common types of debt considered to be “good debts”:
Student Loans
Education is an essential aspect of life and is considered an investment; a student loan is an excellent example of good debts.
Business Loans
If you borrow a considerable amount of money to supplement your business’ financial needs, that is good debt, and that decision to invest in a business is a good idea.
Real Estate Debt
A mortgage is one good example and is highly popular for young adults due to the loan terms and duration. Additionally, real estate property values increase over time; therefore, it is considered good debt.
Debts that do not contribute to your financial wealth in the future are considered bad debt.
The most common types of debt are acquired thru credit cards and are often considered the worst. A credit card is very easy to use when purchasing goods and carries high-interest rates. Many people can only pay the minimum required payment every month which costs accumulating interest charges onto the balance.
Without strict credit checks compared to other types of loans, payday loans are easily acquired. Payday loans are often short-term loans with incredibly high-interest rates.
This is the most often used to purchase goods for:
A personal loan is very attractive for many reasons, including:
Money owed to the government is also considered a bad debt. Common types of debt owed to the government include:
To know more what you can benefit from our Ontario Debt Relief Program, simply try our Debt Consolidation Calculator below and one of our debt specialists will get in touch with you and provide you the best debt relief option that fits your situation.
No contact details required to find out if you qualify
We will help you reduce as much as 75% of your debts and consolidate it into a single affordable monthly payment. Your creditors will stop harassing you and all interest will freeze if you get into our Ontario Government Debt Relief Program.
Many Ontarians are already benefiting from our Debt Relief Program, YOU should too!
Find out how much you can write off portion of your debts by getting your Free Savings Estimate below. A debt specialist from National Debt Relief Services in Ontario will discuss all options and provide you tailor-fitted Debt Relief Program.
SEE IF YOU QUALIFY TO:
No contact details required to find out if you qualify
A Debt Consolidation is a negotiated debt settlement offer made between you and your creditors with the help of a Debt Relief Agency in Ontario. Some key benefits of Debt Consolidation are interest-free program, no upfront fee required, combined monthly payment into one affordable amount, no lawsuits, and many more.
Yes, your assets are safe from creditors. A licensed debt relief agency in Ontario will help you come up with an offer to your creditors that will make sure your assets will be out of the paper.
No, in fact, this is one of the great advantages of a Debt Consolidation Program. All wage garnishment will stop from the day you filed the proposal.
The effect on your credit score is not going to be severe. Your credit score will most probably go to R7 Rating and will remain in your credit report for another 3 years after you completed the program. This means that it will not be permanent and you will still be able to rebuild your credit score.
This varies depending on the proposal you will be discussing with the help of a certified debt relief agency. It is also worth noting that debt consolidation cannot exceed more than 5 years.
If a debt is shared, you need to file a joint debt consolidation offer to your creditors. However, in most cases, in which the debts are individually incurred will have no impact on your spouse.
After three missed payments, your debt arrangement with creditors will be broken and you will end up getting chased again for the original debt amount plus interest.
A debt consolidation offer can be paid off earlier if you can. In this way, you receive your “Certificate of Completion” sooner and you can immediately start rebuilding your credit score.
National Debt Relief Services Ontariois a certified Canadian Debt Relief Agency that offers FREE CONSULTATION to your debt consolidation needs. We value the trust given to us by our clients by making sure your personal information is confidential and private. Our personalized plans are designed to tailor fit your financial capacity. Our specialists will get in touch with you by simply answering a few questions thru the link provided below.
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